Berkshire Asset Management LLC PA purchased a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,515 shares of the exchange traded fund’s stock, valued at approximately $281,000.
Several other hedge funds have also recently added to or reduced their stakes in QQQ. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Invesco QQQ Trust during the 2nd quarter valued at approximately $104,000. Providence Capital Advisors LLC raised its position in Invesco QQQ Trust by 487.4% in the second quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 502 shares during the period. Opera Trading Capital purchased a new stake in Invesco QQQ Trust in the second quarter valued at approximately $112,000. Quad Cities Investment Group LLC purchased a new stake in Invesco QQQ Trust in the second quarter valued at approximately $128,000. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in Invesco QQQ Trust in the second quarter valued at approximately $143,000. 39.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ QQQ opened at $174.32 on Friday. Invesco QQQ Trust has a 52-week low of $146.33 and a 52-week high of $187.53.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th will be given a $0.3298 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, September 24th.
About Invesco QQQ Trust
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
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